Bye Bye Banks and Wall Street

[wendybeth]

Originally Posted by Kevy Baby

So are you saying that capitalism is a total failure?

I'm saying that if this had happened under a Dem admin, you cons would be screaming bloody murder. You will NEVER be able to convince me otherwise. Same goes for the Patriot Act and all the other weird turns our country has taken these last 8 years. If an administration under Obama had suggested we partially nationalize banks or engage in snooping on private citizens we'd hear nothing but comparisons to the old USSR, Venezuela and every other socialist model out there. Since it's happening under Bush's reign, it's just good business.

[JWBear]

Originally Posted by wendybeth

I'm saying that if this had happened under a Dem admin, you cons would be screaming bloody murder. You will NEVER be able to convince me otherwise. Same goes for the Patriot Act and all the other weird turns our country has taken these last 8 years. If an administration under Obama had suggested we partially nationalize banks or engage in snooping on private citizens we'd hear nothing but comparisons to the old USSR, Venezuela and every other socialist model out there. Since it's happening under Bush's reign, it's just good business.

AMEN!

[Morrigoon]

Originally Posted by Kevy Baby

It'll be pretty topsy turvy for a while, mostly rising a bit before the election, then dropping a bit after the election. After that, it will slowly rise again.

I keep meaning to address this. Typically, uncertainty causes turmoil in the markets, this includes uncertainty in elections. So the market will have issues leading up to the election, followed by a small rally after the election, regardless of who actually wins. And regardless of who actually wins, the media will think it reflects some sort of market confidence in the winner, when all it really reflects is that now they know who they'll be dealing with and can invest accordingly.

As to whether the rally will have any sticking power or not, I have no idea. I tend to think not because eventually the dismal Christmas retail #s will come in, and everyone will act surprised at how little we all spent this year. But this part is pure guess.

[Kevy Baby]

Originally Posted by wendybeth

I'm saying that if this had happened under a Dem admin, you cons would be screaming bloody murder. You will NEVER be able to convince me otherwise. Same goes for the Patriot Act and all the other weird turns our country has taken these last 8 years. If an administration under Obama had suggested we partially nationalize banks or engage in snooping on private citizens we'd hear nothing but comparisons to the old USSR, Venezuela and every other socialist model out there. Since it's happening under Bush's reign, it's just good business.

Thank you, I stand corrected. I now understand that Republicans are evil and Democrats are angels.

[Morrigoon]

Originally Posted by wendybeth

I'm saying that if this had happened under a Dem admin, you cons would be screaming bloody murder. You will NEVER be able to convince me otherwise. Same goes for the Patriot Act and all the other weird turns our country has taken these last 8 years. If an administration under Obama had suggested we partially nationalize banks or engage in snooping on private citizens we'd hear nothing but comparisons to the old USSR, Venezuela and every other socialist model out there. Since it's happening under Bush's reign, it's just good business.

Real conservatives are screaming bloody murder. We're screaming it so loudly that we became Libertarians. That's why you don't hear "Republicans" objecting, we aren't R's any more.

[wendybeth]

KB- no, I just believe what I wrote above. Cons are screaming about the possibility of mandatory insurance for children ("It's socialized medicine!") but they don't have a problem with this?

[JWBear]

Originally Posted by Morrigoon

Real conservatives are screaming bloody murder. We're screaming it so loudly that we became Libertarians. That's why you don't hear "Republicans" objecting, we aren't R's any more.

Not all. There are those, like my family, that are so blindingly loyal to the Republican Party that they refuse to believe that anything proposed by their party could be a bad idea.

[Morrigoon]

They are the people who helped hijack the party. I was Republican because I believed in smaller government, less gov't interference in our lives, and lower taxes. Doh.

[Kevy Baby]

Originally Posted by JWBear

Not all. There are those, like my family, that are so blindingly loyal to the Republican Party that they refuse to believe that anything proposed by their party could be a bad idea.

As opposed to ALL Democrats, who are always open to any and all thoughts and ideas and NEVER stick to their party regardless. That warm and fuzzy party is so open minded.
__________________

I am not trying to defend the Republican party. Nor am I trying to specifically blast Dems. To be honest, I am disillusioned with both parties. I believe that too many in each party are so hung up on the "we're right and they're wrong" mentality that NO ONE is looking out for the best interest of the whole. It is easier to say "the other guy/party/etc. is a total f-up and we would have done better."

If anyone believes that all of our current financial woes are solely the fault of GW Bush, then they really don't follow the big picture. Yes, he is to blame on some level, but how much? Who knows (and no - you don't). EVERYONE is to blame. We AS A COUNTRY are to blame. Republicans are to blame and Democrats are to blame.

Regardless of who is elected and inaugerated, we have a LONG way to go to recover. I don't believe our economic recovery is going to be any better or any worse (on the grand scale) depending on who gets elected. In fact, I don't think the recovery would be much different if GW Bush were in the White House for another four years.

But that's just my opinion.

[JWBear]

Originally Posted by Kevy Baby

As opposed to ALL Democrats, who are always open to any and all thoughts and ideas and NEVER stick to their party regardless. That warm and fuzzy party is so open minded.
__________________

I am not trying to defend the Republican party. Nor am I trying to specifically blast Dems. To be honest, I am disillusioned with both parties. I believe that too many in each party are so hung up on the "we're right and they're wrong" mentality that NO ONE is looking out for the best interest of the whole. It is easier to say "the other guy/party/etc. is a total f-up and we would have done better."

If anyone believes that all of our current financial woes are solely the fault of GW Bush, then they really don't follow the big picture. Yes, he is to blame on some level, but how much? Who knows (and no - you don't). EVERYONE is to blame. We AS A COUNTRY are to blame. Republicans are to blame and Democrats are to blame.

Regardless of who is elected and inaugerated, we have a LONG way to go to recover. I don't believe our economic recovery is going to be any better or any worse (on the grand scale) depending on who gets elected. In fact, I don't think the recovery would be much different if GW Bush were in the White House for another four years.

But that's just my opinion.

Where in my post did I say that the same can't be said for some Democrats? I was responding to Cindy's post regarding all "true conservatives" leaving the party.

I agree that no one party is to blame for the economic mess. But I do think Obama is more likely than McCain to get us out of it. YMMV.